Insider Activity Monitoring: GameStop Corp. (GME)

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GameStop Corp. (NYSE:GME) saw an upside of 10.45% to close Monday at $21.66 after adding $2.05 on the day. The 5-day average trading volume is 5,260,980 shares of the company’s common stock. It has gained $22.49 in the past week and touched a new high 3 times within the past 5 days. An average of 4,925,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,951,232.

GME’s 1-month performance is 6.91% or $1.58 on its low of $15.41 reached on 01/06/23. The company’s shares have touched a 52-week low of $15.41 and high of $49.85, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, GME has achieved 17.33% or $3.20 and has reached a new high 7 times. However, the current price is down -56.55% from the 52-week high price.

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Insider Transactions

GME stock investors last saw insider trading activity on Mar 24.Saadeh-Jajeh Diana (SVP, Chief Accounting Officer) most recently sold 743 shares at $125.00 per share on Mar 22. This transaction cost the insider $92,875.

Valuation Metrics

GME stock has a beta of -0.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.08 while the price-to-book (PB) in the most recent quarter is 5.30.

GameStop Corp.’s quick ratio for the period ended July 30 was 0.90, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.02, while the total debt to equity was 0.03. In terms of profitability, the gross margin trailing 12 months is 21.00%. The firm’s gross profit as reported stood at $1.35 billion against revenue of $6.01 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, GameStop Corp.’s cash and short-term investments amounted to $238.3 million against total debt of $602.4 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -11.3% to -$94.7 million, while revenue of -$108.7 million was -14.78% off the previous quarter. Analysts expected GME to announce -$0.38 per share in earnings in its latest quarter, but it posted -$0.35, representing a 7.90% surprise. EBITDA for the quarter stood at more than -$81.2 million. GME stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.08 billion, with total debt at $602.4 million. Shareholders hold equity totaling $304.58 million.

Let’s look briefly at GameStop Corp. (GME) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 61.47% to suggest the stock is trending Neutral, with historical volatility in this time period at 93.88%.

The stock’s 5-day moving average is $20.58, reflecting a +5.71% or $1.17 change from its current price. GME is currently trading +5.35% above its 20-day SMA, -31.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.84% and SMA200 by-43.59%.

Stochastic %K and %D was 68.15% and 70.22% and the average true range (ATR) pointed at 1.74. The RSI (14) points at 55.89%, while the 14-day stochastic is at 88.28% with the period’s ATR at 1.69. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 1.22 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for GameStop Corp. (NYSE: GME), Ascendiant Capital Markets downgraded it to a Sell rating. They previously had a Hold rating on the stock. Analysts offering their rating for GME stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate GME as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is GME’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.00 and a high of $20.00, with their median price target at $5.30. Looking at these predictions, the average price target given by analysts is for GameStop Corp. (GME) stock is $10.10.

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